2-20-2014 Intel Guru Delta

2-20-2014   Intel Guru  Delta    [via anonymous]      [(Can) the OMO can work without a rate?]   no,  the IMF did two Article 4 reveiws of Iraq.  The next Article 4 review for the GOI is in March and they have to move to Open Market Operations before the March Article 4 review. The OMO cannot operate without a new rate and something needs to happen quickly.   there is terrific pressure on the CBI and this week should see some exciting events over the next 2 weeks, we may see the rate start low...(.30 cents) and rise over the next couple weeks to $1.17 or whatever rate they have in mind.  [post 1 of  2....stay tuned]